Many years ago, I was a language student in Goethe-Institut which is couple minutes walk from this apartment block. Since then when I am coming back to Thailand I am staying in this neighborhood. Why do I like it: A food court across the institute which serve Breakfast and lunch Monday-Friday 7 am – 2 pm for just 2 euro a meal, other delicious food around. Easy access to all the shopping areas like Platinum, Siam square and Silom without necessity to stay in hotel or condominium. Bangkok is very distant and it is cheaper to get taxi everywhere from this location. If you stay more than couple days you can use Swimming pool in Goethe-Institut (just buy a medical sertificate in local clinic) or one in Lumphini park, you can use gym in Panthip suites, Qhouse Lumphini or Lumphini park.
Apartment itself is on the ground floor and has bedding for a many people. Is a good ratio amount you pay/number of people in your group – cheaper than dormitory and private. There is an air-conditioner so it is a perfect place to sleep over.
As it is not in the main road there is no traffic smell or sound – which is a problem in Bangkok, Is a very Local neighborhood if you are looking for this experience, but yet central.